Convertible debt and asset substitution of multinational corporations
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DOI: 10.1016/j.jcorpfin.2020.101843
Abstract: Abstract Internationalization enables multinational corporations (MNCs) to diversify their sources and types of debt, as well as earnings, although doing so can negatively impact firm risk and the agency costs of debt. Utilizing a primary… read more here.
Keywords: multinational corporations; asset substitution; convertible debt; debt ... See more keywords